Financial Performance - Operating income for the first quarter was CNY 126,951,993.08, representing a 7.60% increase year-on-year [14]. - Net profit attributable to shareholders rose by 8.87% to CNY 6,331,975.53 compared to the same period last year [14]. - The company reported a total profit of ¥7,582,308.12 for Q1 2022, up from ¥6,781,125.15 in Q1 2021, an increase of about 11.8% [48]. - Total operating revenue for Q1 2022 reached ¥126,951,993.08, an increase from ¥117,986,996.23 in Q1 2021, representing a growth of approximately 8.2% [47]. - Net profit for Q1 2022 was ¥6,331,975.53, compared to ¥5,816,193.50 in Q1 2021, reflecting an increase of about 8.8% [49]. - Operating costs for Q1 2022 were ¥119,518,626.24, up from ¥111,205,895.09 in Q1 2021, indicating an increase of around 7.5% [47]. - Research and development expenses for Q1 2022 were ¥5,200,844.67, slightly down from ¥5,590,031.74 in Q1 2021, a decrease of about 6.9% [48]. - Basic and diluted earnings per share remained stable at ¥0.10 for both Q1 2022 and Q1 2021 [49]. Asset and Equity Growth - Total assets increased by 36.73% to CNY 538,340,441.69 compared to the end of the previous year [14]. - Net assets attributable to shareholders increased by 108.93% to CNY 349,049,734.03, driven by capital raised from the listing and increased net profit [16]. - Shareholders' equity increased significantly to ¥349,049,734.03 from ¥167,064,596.25, marking an increase of approximately 109.1% [41]. - The total assets increased from ¥386,024,341.39 to ¥537,507,895.82, an increase of approximately 39.2% [45]. Cash Flow and Financing - Net cash flow from operating activities improved by 134.88% to CNY 2,563,644.65, attributed to increased orders and improved collections [16]. - Operating cash flow for Q1 2022 was ¥2,563,644.65, a significant improvement from a negative cash flow of ¥7,349,530.72 in Q1 2021, indicating a turnaround in operational efficiency [55]. - Total cash inflow from financing activities in Q1 2022 reached ¥197,484,798.49, compared to ¥12,942,080.00 in Q1 2021, reflecting a substantial increase in capital raised [56]. - The net cash increase for Q1 2022 was ¥142,115,369.52, contrasting with a decrease of ¥3,711,625.41 in Q1 2021, showcasing improved liquidity [56]. - Cash and cash equivalents at the end of Q1 2022 stood at ¥171,195,471.11, up from ¥24,285,938.31 at the end of Q1 2021, indicating strong cash reserves [56]. Liabilities and Financial Stability - The debt-to-asset ratio decreased to 35.34% from 57.28% in the previous year, indicating improved financial stability [14]. - Total liabilities decreased to ¥189,290,707.66 from ¥226,664,794.05, a decline of about 16.5% [41]. - Short-term borrowings decreased to ¥23,010,707.83 from ¥56,075,695.70, a reduction of about 59.0% [40]. - The company’s total current liabilities decreased to ¥180,837,811.77 from ¥218,245,251.47, a decline of about 17.1% [40]. Shareholder Information - The largest shareholder, Hongbo Tongxin Technology Co., Ltd., holds 38,705,900 shares, representing 52.30% of total shares [24]. - The second largest shareholder, Baojing Electronics Technology Co., Ltd., holds 12,955,000 shares, accounting for 17.51% of total shares [24]. - The total shares held by the top ten shareholders amount to 60,518,052, which is 81.77% of the total shares [26]. - The company has no preferred stock applicable to this period [27]. - There are no related party relationships among the top ten shareholders [26]. Compliance and Commitments - The company has fulfilled all commitments made in the prospectus without any overdue or violations [33]. - The company is currently in compliance with all regulatory requirements regarding major transactions [29]. - The company’s commitment to avoid competition and reduce related party transactions is being actively fulfilled [33]. Related Party Transactions - The company reported a total of 153 million RMB in expected related party transactions for 2022, with 107.08 million RMB occurring in the reporting period [30]. - The company has no significant related party transactions outside of the expected transactions disclosed [30]. - The company has no ongoing litigation or arbitration matters during the reporting period [29]. Asset Pledges - The company has pledged assets totaling 40.88 million RMB, which represents 7.59% of total assets, primarily for bank loan collateral [34]. - The company’s fixed assets, including factory buildings, are valued at 27.02 million RMB, accounting for 5.02% of total assets, and are also pledged for bank loans [34]. - The company’s receivables amounting to 9.92 million RMB are pledged, representing 1.84% of total assets [34].
泓禧科技(871857) - 2022 Q1 - 季度财报